Opportunity Cost
Opportunity is a simple but a very important concept because it allows you to make wiser decisions. The cost of […]
Investing Strategy, Personal Finance
Personal Finance
Sunk Cost
Bob’s new house was damaged in a storm. He spent $20,000 in insurance deductible and repairs not covered by insurance
Personal Finance
Rule of 72
The rule of 72 is an easy way to calculate how long it will take to double your investment. It
Smart or Greedy
A colleague of mine had invested in index funds through her bank. One of the fund tracked S&P 500. The
Why you need passive income
Light a candle. What do you see? The candle is burning away and when the fire reaches the bottom, the
Trade your time for compounded income
We all participate in the global economy. Even someone who is living on welfare checks is participating in the global
Do bitcoin or other cryptocurrencies have a future?
In 2018, bitcoin experienced a roller-coaster ride causing people to make or lose fortunes. What is bitcoin? Why did its
Investing Strategy, Personal Finance
Focus on what you can control
We are mere humans. There is so much we cannot control and there is no point wasting your time and
Personal Finance
Talk about money
It seems most families don’t like talking about money. In most cultures money seems to be a taboo topic. Talking
Personal Finance
Lending Money
Sooner or later someone you know will ask you to lend him/her money. It happens to everyone. Here we are
Investing Strategy
Collect assets you love
An asset is an investment that earns money for you. It generates cash flow. A dividend paying stock, bond, or
Investing Strategy, Personal Finance
How to pay yourself first?
When we receive our salary, almost all of it quickly goes to paying others (aka paying bills). This is true